GeneralI asIa€¦ · Service Center has entitled GCL Beijing Branch with a Medal and Certificate for its caring and socially-minded actions to the needed. Mr. Li Xinxiang, Deputy

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March 2010

Communications Office – Generali AsiaSabrina Di GiorgioEmail: [email protected]: +852 3187 6824

In this number…

GeneralI asIaNews...letter

GENERALI GROUP NEWS

Generali Group consolidated results for 2009

GENERALI ASIA REGIONAL NEWS

Future Generali wins the Impresa Award for Market Presence

Generali China Life launches women’s insurance products

Generali Thailand: Telemarketing Awards Night

Our people: appointment announcements

OUR ACTIVITIESGENSOCIETY- GENCULTURE-GENSPORT

Generali China Life’s care for children’s education

EVENTS

GENCURIOUS…did u know that…

Did you know that among Assicurazioni Generali’s Property there are two libraries with volumes dating back to the 16th and 17th centuries?

GENERALI GROUP NEWS

GENErALI GrOuP CONSOLIDATED rESuLTS FOr 2009

On March 17th the Board of Directors of Assicurazioni Generali, chaired by Antoine Bernheim, approved the consolidated financial statements and the parent company preliminary financial statements for 2009.

In another difficult year at a macro-economic level and for the insurance industry, the Group results reflect Generali’s ability to continue to pursue organic growth, with record premiums of more than € 70 billion and improved profitability. Its success mirrored a strong recovery in the second half of the year, with the fourth quarter reporting premium growth of 20% and 82.8% increase in the operating result (compared with 4Q08).

Commenting on the results, Generali Chairman Antoine Bernheim said: “The strong progress we made during another year of crisis confirms Generali as one of the industry’s global leaders in terms of financial solidity and in terms of its ability to enhance Group value significantly in a very tough period. This is the reward for our strategy that has successfully looked beyond the financial backdrop to build a sustainable business in the long term based on geographic spread and a diversified distribution network.”

• Premiumsatover€70billion;strongLifeprofitabilitywithnewbusinessmarginsupat21.7%

• GroupEmbeddedValuerisesto€27.3billion(+21.5%)

• Netprofitup52.1%toover€1.3billion,shareholders'equity(+47.2%)to€16.7billion

• €0.35cashdividendpershare,cashpay-outratioincreasesto41.6%

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March 2010


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GENERALI GROUP NEWS









EVENTS



PREMIUMSDRIVENBYGEOGRAPHICSPREADANDDIVERSIFIEDDISTRIBUTION• Life net inflows almost double to € 16.1 billion, boosting Life technical reserves to € 286.4

billion (+9.6%)

• Life premiums € 48.9 billion (+9.5%) with APE € 5.2 billion (+3.8%)• Non-Life premiums stable at € 21.6 billion, despite difficult macroeconomic conditions

BUSINESSPROFITABILITYDRIVENBYLIFEANDFINANCIALSEGMENTS• New business value (NBV) exceeds € 1.1 billion with margins (NBM) rising to 21.7% (+1.5

p.p.): performance at top market levels• Combined Ratio at 98.3% from 96.4%, affected by a 1.9 p.p. increase in the loss ratio due

to catastrophic events and Motor performance. Expense ratio stable

• Operating result for Life segment € 2,451 million (+34.2%), for financial segment € 432 million (+30.3%). Total operating result € 3,676 million (-2.7%) with strong growth in 4Q

OPERATINGEFFICIENCYIMPROVESTHANKSTOCOSTREDUCTIONS• Administrative and other operating expenses down 2.4%

SOLIDCAPITALPOSITION• Solvency I at 128% (from 123%); Solvency II, based on our internal model,at 187% (177%),

one of the highest in the market

GENERALI GROUP NEWS

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March 2010


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GENERALI GROUP NEWS









EVENTS



FuTurE GENErALI wINS ThE IMPrESA AwArD FOr MArkET PrESENCE

Mumbai, On March 10th Future Generali India Life Insurance Ltd. has been awarded the Impresa Award 2010 for Market Presence by the Indo Italian Chamber of Commerce and Industry. The Impresa Award is a coveted award by the Indo Italian Chamber and aims to provide recognition to the business enterprises and entrepreneurs that have made an impact in the economic relations between India and Italy.


T h e I m p r e s a A w a r d s event established by the Indo-Ita l ian Chamber Of Commerce and Industry ( I I C C I ) i n 1 9 9 9 g i v e s recognition to enterprises and ent repreneurs tha t have made an impact in the economic relations between India and Italy. "Impresa" i s t h e I t a l i a n w o r d f o r "Enterprise". There are five categories and participants are judged according to the criteria of Social Impact, Environment, Innovation, Market Presence, &Business Excellence. Future Generali India L i fe Insurance Ltd was awarded for Market P r e s e n c e f o r B r i d g i n g the last distr ibution mile and increasing consumer awareness about financial and insurance needs through a strong distribution network.

(Photo Credit: Courtesy: Sandeep and Courtesy: Indo-Italian Chamber)

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March 2010


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GENERALI GROUP NEWS









EVENTS



GENErALI ChINA LIFE LAuNChES wOMEN’S INSurANCE PrODuCTS

Beijing In March, the month that sees China, among numerous other countries in the world dedicating a day to women, Generali China Life launches a new marketing campaign to boost the attention on the importance of women’s insurance products.

GENErALI ThAILAND: TELEMArkETING AwArDS NIGhT

On 28th February 2010, Generali Thailand rewarded its telesales and telemarketing partners for their great performance at the annual Tele Marketing Awards. This event that took place at Grand Millennium Hotel in Bangkok reached its fourth edition.

The products are: GCL Nian Nian An Kang Endowment Insurance ( Participating ) GCL Nian Nian An Kang Female Disease Insurance Rider GCL Nian Nian An Kang Motherhood Disease Insurance Rider

(Photo Credit: Mr. Wichai Cherdchuratanakul)

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March 2010


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GENERALI GROUP NEWS









EVENTS



Our PEOPLE: APPOINTMENT ANNOuNCEMENTS

AnnyValentineNalli,Manager,PolicyUnderwriting,TradeCreditInsuranceAssicurazioniGeneraliS.p.A.HongKongBranch

Valentine has more than 5 years of experience in credit insurance with focus on policy underwriting. Prior to joining the Hong Kong Branch Office, she worked with SACE BT.

Our Activities GENSOCIETY GENCULTURE GENSPORT

GENSOCIETY

GENErALI ChINA LIFE’S CArE FOr ChILDrEN’S EDuCATION

Generali China Life Beijing Branch and Guangdong Branch CSR activities focus is on the core value and importance of children’s education.

Generali China Life Beijing Branch donated 20,000 RMB to the charity “Showing love with 500,000 Good Books” in order to collect books for children in poverty-stricken area and for children with different kind of difficulties. China Children’s Press & Publication Group Zhi Xin Jie Jie Education Service Center has entitled GCL Beijing Branch with a Medal and Certificate for its caring and socially-minded actions to the needed.

Mr. Li Xinxiang, Deputy General Manager of GCL Beijing Branch made donation in the name of the branch

Mr. L i X inx iang attending the

ceremony with the children

(Photo Credit: Tong Yin)

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March 2010


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GENERALI GROUP NEWS









EVENTS



EVENT CALENDAR

wHEN EVENT wHERE

April 1

Audit Committee meeting, BoD meeting,Annual Shareholders Meeting, ExCom Meeting

Generali Thailand

Bangkok, Thailand

April 24Annual General Meeting

Assicurazioni Generali S.p.ATrieste, Italy

April 29Audit Committee, ExCom Meeting

Generali PilipinasManila, Philippines

April 29Board of Directors Meeting

Future GeneraliItaly

GCL Volunteers with the students and teachers of Shatiyuminzidi Elementary School

GCL Employees distributed the scholarship to the children

GCL Guangdong Branch Chief Manager Mr. Shuhua (second on the right) donated computers to the school

On 14th March 2010, 40 volunteers from Generali China Life Guangdong Branch donated over 30,000 RMB in school supplies and computers to Shatiyuminzidi Elementary School in Taishan City, Jiangmen, Guangdong Province. During this occasion some representatives of Generali China Life’s staff and management sponsored five scholarships for students with financial difficulties.

Moreover, GCL Guangdong branch sponsored the Sports Equipment Center Project for children.

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FeBruary 2010



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GENERALI GROUP NEWS









EVENTS



Photo Credit:Phodio Tech Studio (hk)wiwin YuliusTwins Tower Development Co., Ltd.All Seasons Property Co., Ltd.


DO YOu kNOw ThAT AMONG ASSICurAzIONI GENErALI’S PrOPErTY ThErE ArE TwO LIbrArIES wITh vOLuMES DATING bACk TO ThE 16Th AND 17Th CENTurIES ?

Trieste’s Central library and A. Donati library in Rome belong to the Generali Group. The common denominator of the collections, which have grown as a result of shrewd acquisitions and donations, is that they feature historic insurance volumes, including some 16th and 17th century works. They are partly differentiated by content: the Trieste library includes a local history collection, while the Rome library focuses more on periodicals. The works housed in the libraries were published in Italy and other countries; they are mainly written in Italian, but some are in German, French and English.

The Central Library of Assicurazioni Generali in Trieste started to grow right from the Company’s incorporation in 1831. Later the Company's Chairman Marco Besso, an enthusiastic bibliophile and tireless book collector, officially created a second library at what was then the Venice Office in St. Mark’s Square. At present, the Trieste Library that also includes the Venetian collections, contains some 30.000 publications on insurance science, law, economics, actuarial mathematics and statistics.

The "A. Donati" Library, founded in Rome in 1912 at the same time as the Istituto Nazionale delle Assicurazioni (INA), contains some 32.000 books and over 250 journal titles, both contemporary and historic, on the Company’s special line subjects. When INA was acquired in 2000, its library went to increase the library holdings of Generali Group.

For more information please visit Generali Group Website at http://www.generali.com/Generali_Group/Press_and_Communication/Group_libraries/174873/sezione/174872/index.html?idLanguage=EN

http://www.generali.com/Generali_Group/Press_and_Communication/Group_libraries/174873/sezione/174872/index.html?idLanguage=EN

Documents

GeneralI asIa€¦ · Service Center has entitled GCL Beijing Branch with a Medal and Certificate for its caring and socially-minded actions to the needed. Mr. Li Xinxiang, Deputy